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Offshore

John Fredriksen sells oil company to Chinese buyers

John Fredriksen has sold drilling company Northern Offshore to Chinese buyers, informs the company on Monday. The price comes to around USD 165 million.
BY LOUISE VOGDRUP-SCHMIDT

Shipping and offshore magnate John Fredriksen will now wave goodbye to one of the companies in his extensive portfolio - Bermuda-based Northern Offshore, says the company in a corporate statement.

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